Pertamina Borong 13 Awards At 4th International Convention On Indonesian Upstream Oil & Gas 2023

JAKARTA - PT Pertamina Hulu Energi (PHE), as Pertamina's Upstream Subholding, received 13 awards from SKK Migas at the 4th International Convention on Indonesian Upstream Oil & Gas (ICIUOG) 2023 which was held in Nusa Dua-Bali, 20-22 September 2023. The award was given to the Cooperation Contract Contractor (KKKS) affiliated with PHE.

"Thanks to SKK Migas for giving the award to Pertamina Group. And thank you also to all the teams and stakeholders who have supported our performance so that we can receive this award," said the Director of Human Resources and Business Supporting PHE, Oto Gurnita, Friday 22 September.

"Currently we are all faced with a national production target of 1 million Barrels per day (BOPD) and gas of 12 billion standard cubic feet per day (BSCFD) which is quite challenging, we are optimistic that we can meet the targets that have been set with the support of stakeholders as strategic partners and support from third parties. With this award will motivate us to continue to contribute to national production in Indonesia," he added.

PHE manages four domestic regions spread across various regions of Indonesia and one international region. In addition, PHE also has its subsidiaries in the service field and others. The entire PHE business line aims to maintain the sustainability of the upstream oil and gas industry and maintain national energy security.

The award received by Pertamina Group is:

1. The Best Career Development Performance (P1 Category) : PT Pertamina Hulu Mahakam;2. The Most Optimum Collaboration in the Disputes Settlement : PT Pertamina Hulu Energi;3. Integrity Compliance and Ethics (ICE) : JOB Pertamina - Medco E&P Tomori Sulawesi;4. The Best Replacement Reserve Ratio from Contingent Resource : PT Pertamina Hulu Energi ONWJ;5. The Key Investment for Unlocking New Resources : PT Pertamina Hulu Rokan;6. The Best Exploitation and Operation Cluster Production Above 10 MBOEPD : PT Pertamina Hulu Sanga Sanga;7. The Best Development and Operation Excellence Cluster Production Below 10 MBOEPD : PT Pertamina Hulu Energy TEJ; 8. The Best Cost Optimization and Positive Collaboration : PT Pertamina Hulu Mahakam;9. The Best Asset Management : PT Pertamina Hulu Hulu Mahakam;10. The Best Inventory Management : PT Pertamina Hulu Hulu Hukam : PT Pertamina Hulu Hukam :10. The Best Inventory Management Pertamina Hulu Mahakam11. The Best Cost Initiatives : JOB Pertamina - Medco E&P Tomori Sulawesi;12. The Best Booth : PT Pertamina Hulu Energi13. The Best PSC of The PSC of The Year : PT Pertamina Hulu Mahakam

In his remarks, the Head of SKK Migas, Dwi Soetjipto expressed his appreciation for the participation of all ICIUOG participants which was attended by more than 3,000 participants from 17 countries and announced directly the The Best PSC of The Year Award.

"SKK Migas is committed to supporting all KKKS to achieve the set production target. On this occasion I congratulate Pertamina Hulu Mahakam as the winner of The Best PSC of the Year," he said.

All achievements achieved are PHE's motivation to face the challenges of maintaining the sustainability of the upstream oil and gas industry in a long period of time. PHE implements several strategies to support national energy sovereignty. Three initiative strategies are implemented by PHE, namely sustain; management of existing work area assets (WK), where exploration contributions are needed in maintaining and increasing oil and gas production.

The second strategy, growth, PHE is looking for new exploration potentials that can support the company's growth in the long term. The third strategy, partnership, provides added value to the execution of exploration activities through risk sharing, cost and technology implementation.

PHE will continue to invest in upstream oil and gas operations and business management according to ESG (Environment, Social, Governance) principles, to support the Government's target of achieving oil production of 1 Million BOPD and gas production of 12 BSCFD by 2030. PHE has been registered with the United Nations Global Compact (UNGC) as a participant/member since June 2022.

PHE is committed to Ten Universal Principles or Ten Principles from UNGC in its strategy and operations, as part of implementing the ESG aspect. PHE will continue to develop domestic and foreign operations with professional operation excellence to realize the achievements of becoming a world-class oil and gas company that Environmentally, Socially Responsible and Good Governance.